China’s New Way to Control Its Biggest Companies: Golden Shares
March 19, 2023
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In its uneasy dance with China’s private sector, the Communist Party is moving away from a public battle with some of the country’s biggest companies. Instead, it is inching toward a quieter form of control.
At the center of the effort is a push by various levels of government to take stakes in the private companies that have long driven Chinese innovation and job creation.
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